Chapter 4
Forensic Accounting Minus the Fraud
In This Chapter
Understanding business valuation approaches
Examining intellectual property and auditor malpractice claims
Learning about bankruptcy actions
Dissecting marital assets in divorce
A perception exists that forensic accountants are one-dimensional: They only detect and investigate fraud. The truth is that forensic accountants are also involved in commercial disputes, calculating damages that can literally run into billions of dollars. This work is sometimes referred to as “litigation support.” In these situations, you provide accounting assistance in matters involving existing or pending litigation. A typical litigation support assignment results in calculating damages resulting from a breach of contract.
As a forensic accountant, you play three roles in commercial litigation:
Consultant: You advise the client on technical accounting or financial issues. This involves providing discovery assistance, gathering and proving business ...
